Ultimate LONG - The Biotech Bubble
Updated
Bubbles are natural & good until everybody talks about it.
Didn't hear of anyone talking about it, so its a good time to make call - THE NEXT BUBBLE WILL BE IN BIOTECH (if we IGNORE EV and SPAC's ofcourse)
My bet is:
1. small cap bios could double-tripple from here.
2. heavy names could get +50%
Too much money, to few shares & good companies.
Didn't hear of anyone talking about it, so its a good time to make call - THE NEXT BUBBLE WILL BE IN BIOTECH (if we IGNORE EV and SPAC's ofcourse)
My bet is:
1. small cap bios could double-tripple from here.
2. heavy names could get +50%
Too much money, to few shares & good companies.
Note
XBI - the strongest here!Note
XBI still the strongest one.Note
Parabola was broken. XBI should find its new base. not safe for now.Note
Still no signs of strength. Biotech is one of the weakest sectors. RISK OFF.Bio predicted crash in: small caps, SPACs.
S&P is still near ATH's but I think it will also start plunging.
... and crypto won't save you here.
start taking profit and leave.
Note
*smallcaps, SPACs, ARKs and other growth.
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